New Issue: HSBC sells $8.07 million buffered digital notes on Euro Stoxx, Stoxx Europe 600

By Tali Rackner

Norfolk, Va., July 7 – HSBC USA Inc. priced $8.07 million of 0% buffered digital notes due June 30, 2020 linked to the least performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above the initial level, the payout at maturity will be par plus the digital return of 28.06%.

Investors will receive par if each index falls by no more than the 20% buffer and will lose 1.25% for every 1% that the least-performing index declines beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	Euro Stoxx 50 and Stoxx Europe 600
Amount:	$8,065,000
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 38.06%; par if each index falls by no more than 20%; otherwise, 1.25% loss for every 1% that least-performing index declines beyond the buffer
Initial levels:	2,967.44 Euro Stoxx 50, 308.75 for Stoxx Europe 600
Pricing date:	June 27
Settlement date:	June 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40433UPP5

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